Good earnings reports keep Dow above 15,000

NEW YORK (AP) - The Dow Jones industrial average rose yesterday, closing above 15,000 for a second day after breaching the landmark level for the first time on Tuesday.

NEW YORK (AP) — The Dow Jones industrial average rose yesterday, closing above 15,000 for a second day after breaching the landmark level for the first time on Tuesday.

Yesterday, a day without any major economic releases, investors focused on company earnings as reporting for the first quarter draws to a close. Although earnings growth has slowed from last quarter, profits are at record levels and projected to rise throughout the year.

Internet company AOL plunged as its subscription revenue fell, and hamburger chain Wendy’s slumped after it reported revenue that fell short of Wall Street’s expectations.

On the positive side, specialty grocer Whole Foods and video-game company Electronic Arts rose sharply after predicting full-year profits that were higher than analysts were expecting.